Petrobras announced on Monday (17) the average reduction of 8.1% in natural gas’s price (reais/m³) for distributors as of May 1.
According to the oil company, oil dropped about 8.7% in the reference quarter, and the exchange rate appreciated by about 1.1%.
In a statement, the company said that the contracts with the distributors provide quarterly gas price updates and link the adjustments to the oscillations of Brent oil and the exchange rate.
Natural gas prices will be reduced by 8.1% for distributors
The state-run company also said that the natural gas price to the final consumer would depend on the distributors’ profit margin and federal and state taxes.
And in the case of piped gas distributors, consumer prices are set by state regulatory agencies.
However, the reduction is not valid for bottled gas, which adopts LPG as the reference value.
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
$155.57B
Market cap
Analyst target $22.95
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $22.95 · +28% vs 200-day
Valuation & profitability
Market cap$155.57B
Revenue (TTM)$548.49B
P / E ratio6.1
Profit margin24.3%
Return on equity30.3%
Price & risk
52-wk low $10.6552-wk high $24.76
Beta (volatility)-0.23
200-day average$17.87
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.3%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield16.9%
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…
