RIO DE JANEIRO, BRAZIL – Bento Albuquerque (Ministry of Mines and Energy) has announced that the federal government will open the natural gas market to competition. According to the minister, the fact that only the state-owned company Petrobras operates in most areas related to the import and production of gas is contrary to the interests of consumers.
“Petrobras has to be part of public policy, and this is what we are defining,”
“We see that this monopoly is not a healthy thing, particularly for the development of the sector and consumers,” said the minister in presenting the achievements and projects that the ministry delivered during the first 100 days of the new government.
“Petrobras has to be part of public policy, and this is what we are defining,” added Albuquerque, explaining that the opening of the natural gas market is part of the definition of new public policies for the energy sector.
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Petroleo Brasileiro Petrobras
NYSE: PBRPETR4EnergyOil & Gas Integrated43,199 employees
$163.04B
Market cap
Analyst target $23.31
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $23.31 · +28% vs 200-day
Valuation & profitability
Market cap$163.04B
Revenue (TTM)$548.49B
P / E ratio6.4
Profit margin24.3%
Return on equity30.3%
Price & risk
52-wk low $10.6552-wk high $25.60
Beta (volatility)-0.23
200-day average$18.19
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.4%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield14.9%
Payout ratio28.3%
Fwd. annual$1.68
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…
“Its execution has yet to be defined, as it is easy to say that we will open the gas market. The interesting thing is how to do it,” said the minister, noting that the issue is already under discussion in the group formed by representatives of the ministry, Petrobras, the National Petroleum, Natural Gas and Biofuels Agency (ANP), and the Council Administrative Office of Economic Defense (CADE). “We are working to establish the policy, to define what the new gas market will be like.
